Electric Vehicles Still Charging Ahead

Electric Vehicles Still Charging Ahead

Investment in electric vehicles and their components and infrastructure continue to grow in spite of the pandemic and economic downturn, not to mention the infancy of the market.  According to MarketWatch.com, there is “sky high” investor interest in clean energy and electric vehicle companies.

Why This Matters:  Former Vice President Biden’s new clean energy jobs proposal revives the “cash for clunkers” program but in a way that would juice this market.

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General Motors’ Massive “COP” Out

General Motors’ Massive “COP” Out

On Tuesday, while governments struggled mightily to deal with the climate emergency at the UN Climate Meeting and U.S. stakeholders tried to make lemonade out of the U.S. pullout of the Paris Accord by proclaiming that U.S. Governors, Mayors, and major corporations are “Still In,” back in Detroit, General Motors rolled out their largest SUV ever — adding 7 full inches to the Tahoe truck. 

Why This Matters:  Transportation accounts for 23% of carbon emissions globally according to the IPCC.  As long as gas is cheap, car companies will keep making gas guzzlers and the public will keep buying them.

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More Cheap Oil Heading to Market Will Complicate Efforts To Curb Global Warming

More Cheap Oil Heading to Market Will Complicate Efforts To Curb Global Warming

Brazil, Canada, Norway, and Guyana are set to flood the global oil and gas market with an additional million barrels a day in 2020 and nearly a million more in 2021, thus driving down prices and slowing efforts to combat global warming by weaning consumers and industries off fossil fuels.  According to The New York Times, experts predict that this will complicate efforts to gain greater adoption of electric vehicles, and will keep SUVs and other less fuel-efficient cars competitive.

Why This Matters:  An increase in the supply of cheap gas could not come at a worse time for the global fight to curb greenhouse gas emissions — this will obviously have the opposite effect of a carbon tax.

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